Starwood Property Trust Provides $98.4M Loan For Resort In Kissimmee, Orlando
8000 Fins Up Circle, Kissimmee, FL, USA
$98,390,000
Building Size
—
Asset Type
Development Site
Closing
Aug 31, 2021
AI
An $98,390,000 loan has been secured for a resort located at 8000 Fins Up Cir in Kissimmee, Orlando. The property, which is owned by Encore Capital Management, is a notable asset in the market.
Summary of transation details
- Property Type: Resort
- Transaction Amount: $98,390,000
- Address: 8000 Fins Up Cir, Kissimmee, Orlando
- Lender: Starwood Property Trust - Barry S. Sternlicht
- Landlord: Encore Capital Management
- Broker: Concord Summit Capital
- Keys: 187
Barry S. Sternlicht, representing Starwood Property Trust, facilitated the loan for this transaction. Furthermore, Concord Summit Capital served as the broker involved in the deal.
Players
Kissimmee Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93